National retailer Gerry Harvey has financed a high-end Cottesloe beach apartment project, reflecting the growth of private funding on property development.
In this podcast Mark Beyer and Mark Pownall discuss Fortescue's revolving door, Qantas, Perth house prices, renewable deal, Frank Wilson, Federal IR changes and the Dowerin Field Days.
The Federal Court has decided Frank Wilson did not breach his director's duties after finding ASIC could not prove its allegations against the Quintis Sandalwood founder.
The Federal Court has refused Quintis founder Frank Wilson's request to throw out a creditor's petition over his failure to comply with a $15 million bankruptcy notice.
Former Quintis director Graeme Scott has had an early victory in his defamation battle with several of the company's most senior executives, with the Supreme Court ruling there should be no restriction on his access to one of the documents at the centre of the case.
Quintis and several of its senior executives are facing defamation action at the hands of the company's former director, a claim it intends to vigorously defend.
Quintis subsidiary Arwon Finance has won a Supreme Court ruling against its former chief executive Frank Wilson requiring him to repay a $13.2 million loan taken out in 2014.
The Supreme Court has dismissed a defamation claim brought by former Quintis managing director Frank Wilson, after the trial judge said he was surprised by Mr Wilson's asserted lack of knowledge of the sandalwood producer's contracts.
The corporate watchdog has launched legal action in the Federal Court against former Quintis managing director Frank Wilson, alleging he failed to disclose the loss of a major contract in 2017.
A new class action has been launched today against embattled sandalwood producer Quintis, along with its former managing director Frank Wilson and the company's auditor EY.
The receivers of Quintis have sought to retain full control of the sandalwood producer, appointing Primary Securities as an independent consultant and arguing that plans by growers to take control of some forestry schemes would be counterproductive.
A critical ruling by the corporate regulator has forced Quintis investors to adjourn a meeting that was called to appoint a new responsible entity for their 2002 sandalwood project.
Quintis investors hoping to appoint a new ‘responsible entity' to have oversight of their sandalwood project will need to change plans after the corporate regulator said their two preferred entities were not eligible to take the role.
Three partners of McGrathNicol have formally taken control of sandalwood producer Quintis and its Australian subsidiaries after being appointed as receivers and managers today.
Fremantle-based Primary Securities and Sydney-based Huntley Group are positioning themselves to take over as the responsible entity for Quintis forestry schemes, as investors continue to question the motives of the company's board and its major noteholder.
The directors of Quintis have shed light on two restructuring proposals they had been trying to finalise, after announcing on Sunday they had placed the sandalwood producer in administration because of its inability to make a $37 million payment due in two weeks.
Quintis chairman Dalton Gooding has come under fire from company founder and former chief executive Frank Wilson and other shareholders at a heated annual meeting today.
Quintis has revealed that a group of shareholders is taking legal action against the embattled sandalwood producer in relation to a supply contract with pharmaceuticals company Galderma.
A dispute over Indian sandalwood producer Santanol Group has pitted 21 Western Australian investors, led by forestry veterans Bob Bunning and Tony Jack, against private equity giant KKR and its local representatives, including Jock Clough and incoming Wesfarmers executive Ed Bostock.
Troubled Perth company Quintis plans to take legal action against its founder and former managing director over claims he has failed to meet repayment obligations on an $11 million loan.
Sandalwood producer Quintis has revealed more operational and financial pain, with the embattled Perth company suspending plantation sales, lowering forecast product sales and admitting a $27 million investment would not proceed.
Shares in sandalwood supplier Quintis were down 44 per cent today after the company admitted it had lost a contract supplying Nestle five months ago, the second issue relating to a contract this year.
Sandalwood producer Quintis has negotiated a second deferral of an option agreement that could see it having to pay nearly $34 million to buy back 400 hectares of plantations, as the company confirmed it was in advanced negotiations with a possible replacement for a key Chinese customer.
Former BHP Billiton executive Julius Matthys has been named interim chief executive of Quintis, after Frank Wilson resigned on Tuesday to plot a takeover of the Indian sandalwood producer.
Peninsula Energy has announced that John G Simpson will be stepping down as managing director and chief executive. He will be replaced by Wayne Heili who will commence with the company in April.
An extraordinary twist has emerged in the Quintis saga, with founder and managing director Frank Wilson resigning to work with an unnamed overseas corporation that is planning a takeover proposal of the Perth-based Indian sandalwood producer.
Nedlands-based TFS Corporation has signed a $50 million supply deal for its Indian sandalwood oil with US-based Young Living under a five-year agreement.
Nedlands-based sandalwood producer TFS Corporation has pointed to solid growth in cash revenue and underying earnings to support a positive outlook for the business, despite reporting a fall in net profit after tax.
Indian sandalwood producer TFS Corporation has refinanced $US200 million of debt through a note issue overnight in the US, while also raising extra funds for working capital.
Sandalwood producer TFS Corporation has reaffirmed its earnings guidance for FY16 after finalising the $29 million sale of plantations to a US-based investor.
Shares in sandalwood producer TFS Corporation were up nearly 25 per cent today after the company announced an increase in profit, but declared no interim dividend.
Listed sandalwood producer TFS Corporation and China-backed Kimberley Agricultural Investment have been selected as the preferred proponents to develop 5,000 hectares in the Ord River irrigation area.
